Last updated on May 23rd, 2023 at 08:19 pm
The Ministry of Humanitarian Affairs, Disaster Management, and Social Development revealed that exited N-Power beneficiaries would receive credit facilities from the Central Bank of Nigeria (CBN) after their NEXIT training.
The training which is scheduled to commence on Monday, March 14, 2022, nationwide will see the successful candidates at various NEXIT training centres
“Training of the first batch of 75,600 @npower_ng exited Beneficiaries from the 36 states and the FCT is proposed to be flagged off next week in Abuja for the five-day entrepreneurial training, which thereafter, qualifies them for loans,”Mrs Nneka Ikem Special Assistant, Media & Publicity, to the Minister Sadiya Farouq, says on Twitter.
Before downloading the business plan, you have to first check the training venue and date for the NEXIT programme.
NEXIT Business Plan
To obtain the NEXIT-CBN loan, candidates will be mandated to submit a business plan that contains the following details:
- Personal details
- Business information
- Equipment list
- Working capital
- Product and services
- Asset list
- Competition analysis
- Management plan
- Loan information
- SWOT analysis
You can download the NEXIT business plan here
Note: There are differences between a business plan and a business proposal, as such, you are advised to carefully study the prescribed NEXIT business plan to avoid any kind of issues.
How many NEXIT applicants will get the CBN loan?
The CBN loan will first be made available to 75,600 exited N-Power beneficiaries across 36 states of Nigeria. A new date will be made available for the second batch
My name is not on the first batch of NEXIT list, what can I do?
If you didn’t make the first batch, wait for the next batch which contains the names of 154,400 exited N-Power beneficiaries.
How many exited beneficiaries qualified for the CBN loan?
According to the ministry, only 230,000 exited N-Power beneficiaries qualify for the loan which is backed by Nigeria’s apex bank.
How much is NEXIT loan?
The ministry is yet to reveal the exact amount each of the successful candidates will receive from the CBN.
What’s the NEXIT-CBN training about?
The training will educate successful candidates on entrepreneurship including farming and innovative ideas. As such, the curriculum for shortlisted NEXIT applicants has been made available